Connect with us

Blockchain Technology

BanQu is Leveraging the Blockchain to Give Refugees a Digital Identity

Published

on

BanQu

BanQu, a software company focused on eradicating global poverty, is leveraging blockchain technology to provide refugees with a digital identity so that they can continue to take part in society.

Linking Refugees to the Global Economy Using Blockchain Technology

Refugees and displaced persons can continue to live their lives independently thanks to the BanQu blockchain-based solution, which allows them to store their information on a distributed ledger. That means that with their information digitally stored and accessible from anywhere, they can look for jobs, apply for loans, and run their own businesses, thereby, contributing to the host country’s economy.

Hamse Warfa got the idea for this solution after experiencing the refugee life in the Daadab Refugee Camp in Kenya. After escaping Somalia with his parents during the civil war at the age of twelve, Warfa knows how it feels like to have one’s life turned upside down so suddenly, Fair Planet reported.  His parents, once thriving business people, were now dependent on charity.

“I want all refugees to be able to build transaction-based economic identities that allow them to thrive, including getting loans, and accessing credit for things like businesses and eventually homes. BanQu is for the world’s poor, refugees, and stateless people so they can live their lives like the rest of us,” Warfa stated in an interview.

How it Works

BanquTo use the BanQu blockchain solution, a user creates a digital profile via a mobile phone where they enter their information. A third party, who must also be verified, verifies this information, which is then stored on the blockchain. A user can access his or her information at any time.

Users can also store their financial transactions, health records, education records, and credit histories on the BanQu app, thereby, enabling them to participate in the global economy.

Furthermore, the BanQu blockchain solution also benefits organisations and governments that interact with refugees. For instance, the BanQu platform allows governments to track aid resources that have been disbursed to the target population.

More than 25,000 people across four continents are using the BanQu solution and the company is striving to reach more than 100 million underprivileged people by 2028.

Dr Riby Okoth, a lecturer at the School of Security, Diplomacy, and Peace Studies at Kenyatta University in Kenya, said: “Having the refugees, for example, use their digital footprint to access financial services or job opportunities as the rest of the population not only reduces the culture of dependency but also opens up the global economy to more participants who are growing it rather than depending on it.”

According to the UNHCR, there are about 68.5 million people displaced from their homes and among them about 25.4 million refugees and approximately ten million stateless people.

With BanQu’s blockchain solution, these people could have the chance to live normal lives where they can access education, healthcare, loans, and employment.

Blockchain Technology

Blockchain Game Gods Unchained Launches Beta Version

Published

on

Gods Unchained
Image by godsunchained.com

Blockchain game Gods Unchained launched its beta version. The Ethereum-powered game, which was created by Fuel Games, has already sold four million virtual cards, generating four million dollars in revenue for the gaming startup.

God Unchained Beta

The Gods Unchained beta version will enable more players to “join the fray, collect cards, mint cards to the blockchain, and battle with others around the world.”

Co-Founder of Gods Unchained, Robbie Ferguson, said in a press release: “Gaming is a $100 billion per year market that has capitalised on leasing premium features to select individuals on their purchasing power. In almost every game, players are buying items, cards, skins, and upgrades which they do not truly own. Blockchain actually gives players digital-asset ownership by minting game elements to a blockchain. With Gods Unchained, we have captured the allure of traditional print card collectibles like Magic, married them with appealing visuals of digital games like Hearthstone, and added true ownership through the Ethereum blockchain.”

The beta will run through July where cards will be collected from packs. “Developers will monitor the performance of cards and measure the fairness of different deck combinations. This is to ensure that the game remains balanced, fun, and competitive. After the balancing beta, the development team will solidify card stats and activate peer-to-peer trading functions,” an official statement said.

Packs, Genesis Set, and World Championship

New players will get a starter deck to play the free game while players looking to expand their collection will have access to booster packs. In addition, during the pre-sale of the game, the developers have released a limited edition of the Genesis Set which has 380 special cards. The developers will terminate the Genesis Set after the beta closes and version 1 of the game launches. A new season of cards will follow the termination of the Genesis Set.

Ten percent of the sales from the packs will go towards the prizes for the first Gods Unchained World Championship. $430,000 has already been put aside for the championship.

Unlike traditional games where players do not own items they purchase in a game, the use of blockchain technology in Gods Unchained gives players real ownership to the items they buy or earn. This means that they can sell these items for digital currency or trade them with other players.

In order to create the blockchain game, Fuel Games raised $2.4 million from Coinbase Ventures, Sora Ventures, Nirvana Capital, and Continue Capital. The company is currently creating the Apollo Platform which will offer scalable blockchain infrastructure for world-class game studios.

Continue Reading

Blockchain Technology

OneWattSolar is Leveraging the Blockchain to Provide Renewable Energy to Nigerians

Published

on

Nigerian startup, OneWattSolar, is leveraging blockchain technology to provide low-cost solar energy to Nigerians to relieve them of the reliance on costly power generators.

Blockchain Payments

OneWattSolarWhen using OneWattSolar‘s clean energy solution, customers do not have to pay for the solar panel system setup. Instead, it comes with an Internet-enabled router that will collect data on energy usage to ensure customers are billed exactly for what they use and also alert the company of any potential problem.

The idea of using the blockchain for its solution is to allow transparency among all stakeholders and to reduce the costs involved.

“[The blockchain] provides transparency, you can see the utilisation of funds, how many systems we have purchased and how many are being used. On a traditional service using fossil fuels, energy usage is around 70 Nigerian naira ($0.19) per kilowatt. But the blockchain system is 50 percent cheaper than diesel,” Alagbe told CNN.

Africa Renewable Energy Industry

For decades, African countries – including Nigeria – have been plagued with a lack of power supply. According to a 2016 report, only four out of ten Africans have access to a reliable power supply. In 2017, Nigeria was ranked as the worst electricity supply nation while research conducted out by the World Bank shows 42 percent of Nigerians do not have access to electricity.

In a bid to tackle this problem, the renewable energy industry in Africa has been experiencing tremendous growth. Morocco plans to power over one million homes with a new solar power plant reported to be the largest in the world while Ghana announced plans to increase the consumption of renewable energy by 2030.

Video by Idea Seed Africa

OneWattSolar launched operations in January 2019. The clean energy startup hopes to supply more than one million homes without electricity in Sub-Saharan Africa with solar energy through blockchain by 2025.

OneWattSolar is a part of GoSolar Africa, a renewable energy company that has been in operating for the past eight years.

Continue Reading

Blockchain Technology

10 Startups to Pitch at Seedstars Nairobi in Front of All-Women Panel

Published

on

Seedstars Nairobi

Ten Kenyan startups will pitch at the sixth edition of Seedstars Nairobi in front of an all-women panel on June 28, 2019. The closed-door affair will be hosted by startup incubator, Nailab.

The Pitch Competition

Seedstars NairobiThe ten startups selected to participate in the pitch competition include a range of companies leveraging different technologies and disrupting an array of areas.

Ilara Health is a company that offers an affordable tech-powered diagnosis to 500 million Africans and Nurse In Hand is an emergency response startup. Also in the competition is Pesabase, which offers blockchain-based remittance and payment solutions, Julla which allows customers to buy products and pay later, Smatbeba, which helps cargo owners to find delivery vehicles, Tanda that enables small businesses to access financial services, and Pezesha which connects SMEs to lenders.

The other startups are Shamba Records which offers a blockchain-based system for collecting farm records, Lentera, which provides actionable insights to farmers, and employee management company WorkPay.

First Time All-Women Jury

For the first time, the Seedstars pitch competition will have a panel made up solely of women. This panel will choose the best startup that will represent Kenya at the Seedstars Africa Summit and stand a chance to win a prize of $500,000 and a three-month investment programme at the Seedstars Global Summit next year.

“We are extremely excited to work with this jury panel on selecting the most promising startup in Nairobi and we believe that the closed-door event format will allow us to ask some more sensitive and in-depth questions to the entrepreneurs,” said Seedstars Regional Manager for Africa Claudia Makadristo.

Seedstars decided to go with an all-women jury to boost the participation of women as panelists, experts, and mentors.

The panel will comprise of Makadristo, East Africa Private Equity, and Venture Capital Association executive director Eva Warigia, Zephyr Acorn investment consultant Wanjiru Chabeda, Financial Sector Deepening Africa Investments CIO Anne-Marie Chidzero, AHL Venture Partners portfolio manager Tsakane Ngoepe, and LGT Impact associate director Winnie Ibuyako.

Before the pitch competition, Seedstars will hold an angel investor meetup in partnership with African Business Angel Network (ABAN). At the meetup, investors will get a chance to network, acquire insights, knowledge, and access to Seedstars and ABAN deal flow.

Insurance platform Bluewave Technologies represented Kenya during the last Seedstars edition. In addition, about 30 African countries have an opportunity to participate in this year’s Seedstars World competition.

Continue Reading

Popular Posts